Nifty Futures Trading

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Also, Asish sir, one more request:

This thread comes under the root directory of "Equities".
Now, there are Four sub-directories under "EQUITIES":
1. Stocks & Shares
2. Day Trading Stocks
3. Swing Trading Stocks
4. Position Trading Stocks

If a 5th one "Trading Indices" or "Index trading & views" would come up, then we can put this thread under this 5th sub-directory. This would also enable other indices contributors (like rajaram.dilipkumar who posts his weekly analysis of Bank Index,) to post their views in one place. This will also enable new-comers to this forum to easily go to the information they seek. Also, threads such as "Pivot points of Nifty " by SavantGarde, "Nifty Trading Mechanical Trading" by Vinod Nadoda, can be consolidated in one such sub-directory.

In short, I wish to have only one special directory/sub-directory where all threads, regarding NIFTY in any manner, are posted. For trading in shares, there are many directories and sub-directories, as one cannot obviously have separate directory for each company.
But for the KING OF ALL - NIFTY (where majority of daily turnover takes place, also indicating that majority of traders prefer or refer to NIFTY), there is no separate directory/sub-directory.

I request the moderators to kindly consider this request from a Nifty-lover. And i am sure, many existing members and new-comers would agree to this.



(I am just sharing my views/problems which I faced when a google search on "nifty trading" landed me to this forum few months back, and it took me some time for searching this thread for nifty intraday trading.
I really hope something is done abt the title of this thread & its placement in an appropriate sub-directory)

 

[harharmahadev]

Re: Time to Stick my Neck Out ,Nifty 7300

Todays session was equally poised between bears and bulls, as bears dominated the morning session, while bulls ruled the afternoon session, thereby forming a Doji candle (open and close are virtually equal), which indicates indecision in the market.

Such indecision is usually followed by a directional move on either side. Yet, inspite of such indecision, the prior resistance of 4,114.5 provided a good support. As the momentum indicators on the daily charts are giving positive signals, bulls should gain an upper hand in the coming sessions.

Dow Jones has done its part by closing +0.73%, inspite of prevalent negative news.

I have noticed one thing - when technicals point to short term uptrend, then usually the news flowing around that time are not that negative or they are supportive or they negating the previous negative news. (Vice versa during downtrends). There have been many instances in the past supporting this view. At the most, after an initial knee-jerk reaction, the market returns back to its path (as per the technicals/charts).

So, if this is taken as a general norm, then Infosys results will not be that negative, or would be around expected. Atleast SPOT should not close below 4090 to keep this short term uptrend alive.

In short, good news (or not negative news) generally come up when market is in an uptrend; and vice versa...

(I am sure many of you may have experienced/felt this before)

I'd hold off on that trade...because although INFY results might meet expectations, it might guide lower...blaming the US economic recession. Basic sanity check: Infosys gets nearly 36% of its revenue from financial clients including UBS and JPM...and 65% revenue from NA....tread carefully.

 

[Czar]

Re: Time to Stick my Neck Out ,Nifty 7300

Remember - in a bull market, every joker becomes a stock market expert.

Go to sleep.

Humpty dumpty sat on a wall
humpty dumpty had a big fall
All of kings horses and all the kings men
could not put humpty together again!!

yes we agree atleast to th joker point.

 

[rkkarnani]

Re: Time to Stick my Neck Out ,Nifty 7300

Also, Asish sir, one more request:

This thread comes under the root directory of "Equities".
Now, there are Four sub-directories under "EQUITIES":
1. Stocks & Shares
2. Day Trading Stocks
3. Swing Trading Stocks
4. Position Trading Stocks

If a 5th one "Trading Indices" or "Index trading & views" would come up, then we can put this thread under this 5th sub-directory. This would also enable other indices contributors (like rajaram.dilipkumar who posts his weekly analysis of Bank Index,) to post their views in one place. This will also enable new-comers to this forum to easily go to the information they seek. Also, threads such as "Pivot points of Nifty " by SavantGarde, "Nifty Trading Mechanical Trading" by Vinod Nadoda, can be consolidated in one such sub-directory.

In short, I wish to have only one special directory/sub-directory where all threads, regarding NIFTY in any manner, are posted. For trading in shares, there are many directories and sub-directories, as one cannot obviously have separate directory for each company.
But for the KING OF ALL - NIFTY (where majority of daily turnover takes place, also indicating that majority of traders prefer or refer to NIFTY), there is no separate directory/sub-directory.

I request the moderators to kindly consider this request from a Nifty-lover. And i am sure, many existing members and new-comers would agree to this.



(I am just sharing my views/problems which I faced when a google search on "nifty trading" landed me to this forum few months back, and it took me some time for searching this thread for nifty intraday trading.
I really hope something is done abt the title of this thread & its placement in an appropriate sub-directory)

It can fit under Derivatives!!!!

http://www.traderji.com/derivatives/

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Todays session was equally poised between bears and bulls, as bears dominated the morning session, while bulls ruled the afternoon session, thereby forming a Doji candle (open and close are virtually equal), which indicates indecision in the market.

Such indecision is usually followed by a directional move on either side. Yet, inspite of such indecision, the prior resistance of 4,114.5 provided a good support. As the momentum indicators on the daily charts are giving positive signals, bulls should gain an upper hand in the coming sessions.

Dow Jones has done its part by closing +0.73%, inspite of prevalent negative news.

I have noticed one thing - when technicals point to short term uptrend, then usually the news flowing around that time are not that negative or they are supportive or they negating the previous negative news. (Vice versa during downtrends). There have been many instances in the past supporting this view. At the most, after an initial knee-jerk reaction, the market returns back to its path (as per the technicals/charts).

So, if this is taken as a general norm, then Infosys results will not be that negative, or would be around expected. Atleast SPOT should not close below 4090 to keep this short term uptrend alive.

In short, good news (or not negative news) generally come up when market is in an uptrend; and vice versa...

(I am sure many of you may have experienced/felt this before)

Hmm...
On this triple I (I I I) day (Infosys, Inflation IIP no), Infosys has given a thums up...
Good results by infosys, atleast this wont affect the "technical short term uptrend" of nifty...

Let's see what the other two Is deliver... won't be surprised if they are not that negative..... (as i have mentioned in my above post)... I am not saying this phenomenon happens EVERY time, but yes, I have observed this happening most of the day....


(PS: yaar, if there are corrections during bullish times, can't there be corrections during bearish times... good for wave followers)

 

[kapil123]

Re: Time to Stick my Neck Out ,Nifty 7300

really? You are happy just because we didn't have a bloodbath...yet.

One has to be insane to be bullish at this point in time (or utterly lazy). With fuel prices at $140+ a barrel, the Indian economy is headed for a crash-landing. Let that be clear.

Right now, India is in a "damned if you do, damned if you don't" kinda situation. If Chidu (fin min of India) raises prices at the pump, inflation is gonna pick up and people will revolt. If he keeps prices where they are, govt coffers are soon going to deplete. No! Govt coffers are also depleted. Basically, India will lose it's credit ratings and interest rates will skyrocket and dollar will devalue...which will be a quick-march towards a 'balance-of-payment' crisis!

I bet Chidambaram is hoping that the left pulls out support so that his govt collapses and he can walk away from all this mess. Later on, he can pontificate, "when I was finance minister, we had a glorious economy...."

At any rate, the poor sap retail investor is going to be screwed from all holes. Assets (stock markets, real estate) are going to drop precipitously, while essentials (food, gas, medicines, interest rates) are going to rise exponentially. There will be blood...of the retail investor and that of the abject poor. Famine will affect large swathes of the population. It is the poor who will be fed to the vultures. Corporations, large and small, will see red on their P/L statements.

Right now, there is a global financial war going on of epic proportions. Fundamental questions like - "can we wean ourselves out of oil?", "is fiat currency a good store of value?", "does globalization really work?", are being asked. Being on the wrong side of the trade when these questions get answered can prove to be very costly.

I think it is rightly said that a person's memory is very short.

I am not commenting on whether we are going to see a bull run or bear phase. The point I am making is that you have been talking about blood bath on account of oil, slowdown, inflation and blah blah.. If you look back at the history of equities, we have had a massive bull runs inspite of all these factors (in fact more like inspector raj etc).

My point is that one should not have preconceived notions of being a bull or bear if one wants to make money.
In fact if you would have gone through this thread, there are short calls as well as long calls .. So, where is the question of being bull or bear?

Cheers
Kapil

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

It can fit under Derivatives!!!!

http://www.traderji.com/derivatives/

Yes sir, even that will do, but then I prefer under "derivatives", there be a 3rd sub-folder for our very own "nifty", besides the existing sub-folders "futures" and "options"

In short, any where suitable, but atleast a separate sub-folder for nifty, if not the headline folder...

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Chill out,probably the time has come to request Traderji to rename this Thread.

Requested to change the name.

Sunil,good suggestion,send a pm to Traderji.

 

[Sunil]

Harharmahadev,
i m again repeating.... your knowledge of economics, etc is very good, but a trader cant make a living out of this general view....

This forum (ateast this thread) is for day-trading/very short term trading....

u r posting in the wrong thread, buddy

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

My point is that one should not have preconceived notions of being a bull or bear if one wants to make money.
In fact if you would have gone through this thread, there are short calls as well as long calls .. So, where is the question of being bull or bear?

Cheers
Kapil

well said, kapil... u spoke my heart...

cheers to traderji & all our member-traders...